Succession Planning Best Practice:

Recent developments in the software solutions space can be used to make the talent management element of succession planning easier than ever before.
A succession planning tool can help to determine which employees have the potential to develop the skills needed for them to become suitable candidates for high-level roles.
Some software solutions allow organizations to purchase a complete HRIS (Human Resources Information System) that comes with a succession planning plug-in, while others offer the option of purchasing just the succession planning module. Cloud-based software solutions allow users to enter the data they’ve collected and then update and share it with leaders worldwide.
A succession planning tool can help to determine which employees have the potential to develop the
skills needed for them to become suitable candidates for high-level roles.
A succession planning tool should incorporate key information including job candidates’ certifications and education, past work experience, community involvement (if relevant), a record of achievements, and details of employees’ strengths and weaknesses. Details regarding promotion readiness, openness to relocation, and the company’s legacy and heritage should also be included.
Deploying automation in succession planning can help organizations to keep the process simple and fluid. Whether employees improve or decline, or if their ratings or interests change, an automated system can stay on top of this.
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